Mortgage and Financial News From 2008-8-26 Page 12

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• Daily Briefing - Atlanta Journal Constitution

  Blue Water Automotive Systems Inc., a bankrupt maker of plastic parts for U.S. automakers, has no hope of being sold as a going concern and should be taken over by a liquidation trustee, General Motors Corp. has told a judge. Blue Water’s plan to ...
  2008-08-26 05:33:00

• 30-year fixed rates drop a smidgen - San Francisco Gate

  Sunday, August 24, 2008 Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages dipped to 6.47 percent last week, down from 6.52 percent, which had been the rate for the previous three weeks. The new rate was the lowest ...
  2008-08-24 08:28:00

• Residential Finance Corp. Partners with Dale Vermillion for Sales Leadership Training (Centre Daily Times)

  Residential Finance Corporation (RFC), a nationwide mortgage lender, today announced that mortgage industry expert, Dale Vermillion, has completed a three-day sales leadership training for sales managers and loan officers in the company's Columbus and Tampa offices. Vermillion has trained more than 250,000 mortgage professionals and consulted many of the nation's largest and most successful ...
  2008-08-26 06:01:57

• Merrill, Wachovia Hit With Record Refinancing Bill (Update1) (Bloomberg.com)

  Aug. 26 (Bloomberg) -- Merrill Lynch & Co. , Wachovia Corp., Lehman Brothers Holdings Inc. and the rest of the U.S. finance industry are about to find out how expensive credit has become.
  2008-08-26 06:18:24

• Credit crunch misery as the average deposit on a home DOUBLES to almost £40,000 (Daily Mail)

  Homebuyers who want to get a cheap mortgage deal need a deposit of nearly £40,000, shocking research reveals today.
  2008-08-26 07:08:26

• Dollar Rises to Six-Month High on Bets Global Economy Slowing (Bloomberg.com)

  Aug. 26 (Bloomberg) -- The dollar rose to a six-month high against the euro on evidence the greenback will be the main beneficiary from a global economic slowdown as German business confidence dropped in August more than forecast.
  2008-08-26 07:42:52

• Freddie, Fannie Mortgage Portfolio Growth Rate Slows (Update1) (Bloomberg.com)

  Aug. 26 (Bloomberg) -- Freddie Mac and Fannie Mae bought home loans and mortgage securities at a slower pace last month as a combined $14.9 billion in net losses in the past four quarters depleted their capital.
  2008-08-26 07:48:40

• 100-Calorie Packs May Cause Overeating (WCVB Boston)

  Big bags of chips may actually mean less snacking.
  2008-08-26 07:50:00

• Gilts Gain as Mortgage Approvals Fall to Lowest Level in Decade - Bloomberg

  Aug. 26 (Bloomberg) -- U.K. government notes rose, pushing the 10-year yield to the lowest level in more than four months, as an industry report showed mortgage approvals held near the weakest level in a decade. The gains pushed two-year yields down ...
  2008-08-26 05:41:00

• Ahead of the Bell: New home sales expected to fall - MSN MoneyCentral

  WASHINGTON (AP) - Wall Street economists expect government data will show that new home sales fell in July for the eighth time in the past nine months. Sales are forecast to have fallen by almost 1 percent in July to a seasonally adjusted annual rate ...
  2008-08-26 03:25:00

• The move follows cuts to fixed-term loan rates by Halifax the previous ... - This is Money

  Abbey, the biggest mortgage lender, has cut its two and three-year fixed rates by up to a quarter of a percentage point. Its best two-year fix is now at 5.89% with a £995 fee. C&G cut its fixed rates by up to 0.31 of a point with the best deals ...
  2008-08-26 04:58:00

• AIB cuts fixed mortgage rates to help lure embattled homebuyers - Independent

  AIB is cutting its two and three-year fixed mortgage rates from today in a move that it says demonstrates that it is "open for business" to homebuyers. The move could afford embattled consumers at least some savings as they struggle to cope with high ...
  2008-08-25 11:43:00

• Gold Investments Market Update - "End of the Current International Financial System'' (GoldSeek.com)

  Gold finished trading in New York on Friday at $819.30, down $7.60 and silver was down 14 cents to $13.36. Gold and silver traded sideways in Asian trading prior to a sell off in early European trading this morning. Gold is trading at $811.30/811.70 per ounce (1030 GMT).
  2008-08-26 06:06:37

• Temasek's net profit doubles on asset sales (International Herald Tribune)

  The fund owned, by the government of Singapore, said its profit last year rose to $12.8 billion, but it warned of further contagion from the global credit crisis.
  2008-08-26 06:08:56

• Traffic Fatalities Go Down as Gasoline Prices Go Up (Insurance Journal)

  Roll back the clock to 1961: John F. Kennedy was inaugurated president. The Peace Corps was founded. The Dow Jones industrials hit 734. Gasoline reached 31 cents a gallon. And the number of people
  2008-08-26 06:09:07

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